Victory Capital Management Inc. Has $368,000 Holdings in Rayonier Advanced Materials Inc. (RYAM)

Victory Capital Management Inc. grew its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,400 shares of the basic materials company’s stock after acquiring an additional 1,748 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Rayonier Advanced Materials worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Federated Investors Inc. PA raised its stake in shares of Rayonier Advanced Materials by 43.4% during the 2nd quarter. Federated Investors Inc. PA now owns 116,550 shares of the basic materials company’s stock worth $1,832,000 after purchasing an additional 35,272 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Rayonier Advanced Materials by 67.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,500 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 6,671 shares during the period. Legal & General Group Plc raised its stake in shares of Rayonier Advanced Materials by 16.2% during the 2nd quarter. Legal & General Group Plc now owns 87,480 shares of the basic materials company’s stock worth $1,376,000 after purchasing an additional 12,200 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Rayonier Advanced Materials by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 867,374 shares of the basic materials company’s stock worth $13,636,000 after purchasing an additional 55,480 shares during the period. Finally, Rubric Capital Management LP bought a new stake in shares of Rayonier Advanced Materials during the 2nd quarter worth $9,950,000. 93.47% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Delyle W. Bloomquist acquired 5,600 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $13.48 per share, with a total value of $75,488.00. Following the completion of the purchase, the director now directly owns 27,904 shares of the company’s stock, valued at $376,145.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.14% of the stock is owned by company insiders.

A number of equities research analysts have recently commented on the company. ValuEngine upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research cut Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. BidaskClub cut Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $18.00 target price on shares of Rayonier Advanced Materials in a research note on Monday, August 21st. Finally, Sidoti assumed coverage on Rayonier Advanced Materials in a research note on Thursday, August 17th. They set a “buy” rating and a $19.00 target price on the stock. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. Rayonier Advanced Materials currently has an average rating of “Buy” and an average target price of $18.50.

Shares of Rayonier Advanced Materials Inc. (NYSE RYAM) opened at 13.69 on Wednesday. The stock’s 50 day moving average price is $13.73 and its 200 day moving average price is $14.13. Rayonier Advanced Materials Inc. has a 12 month low of $11.74 and a 12 month high of $17.60. The company has a market capitalization of $592.45 million, a PE ratio of 16.45 and a beta of 4.29.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.15). Rayonier Advanced Materials had a return on equity of 24.17% and a net margin of 5.71%. The company had revenue of $201.00 million during the quarter, compared to the consensus estimate of $214.00 million. During the same period last year, the business earned $0.46 EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts forecast that Rayonier Advanced Materials Inc. will post $0.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 14th. Rayonier Advanced Materials’s dividend payout ratio (DPR) is currently 35.00%.

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Rayonier Advanced Materials Profile

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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